Gibraltar Industries, Inc. (NASDAQ: ROCK) has appointed Joseph A. Lovechio as its new Chief Financial Officer, effective August 19, 2024. Mr. Lovechio, who previously served as the Chief Financial Officer, North America Region for Whirlpool Corporation, brings with him extensive operating experience and expertise across finance, strategy, M&A, operations, and investor communications.
During his time at Whirlpool, which reported 2023 revenue of approximately $19 billion, Mr. Lovechio advanced through positions of increasing responsibility, ultimately serving as CFO, North America Region, since 2018. Prior to his tenure at Whirlpool, he held finance positions at public companies including CTS Corporation, Federal Mogul (acquired by Apollo Global Management), and Ford Motor Company.
Gibraltar's Chairman and CEO, Bill Bosway, expressed excitement in welcoming Mr. Lovechio to the leadership team, citing his financial acumen, business leadership experience, and team-building skills as essential for the company's continued transformation and value creation for stakeholders.
Meanwhile, Timothy F. Murphy, the outgoing CFO, will continue with Gibraltar through early 2025 and oversee the onboarding and transition process for Mr. Lovechio, as well as lead ongoing strategic initiatives. Mr. Lovechio's appointment comes as Mr. Murphy announced his plans to retire.
Gibraltar Industries is a leading manufacturer and provider of products and services for the residential, renewable energy, agtech, and infrastructure markets. The company's mission is to make life better for people and the planet, fueled by advancing the disciplines of engineering, science, and technology, with a focus on reshaping critical markets in comfortable living, sustainable power, and productive growing throughout North America. Following these announcements, the company's shares moved -1.3%, and are now trading at a price of $65.38. For more information, read the company's full 8-K submission here.
